Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

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Surge Energy Inc (Alberta) > Back to Three Rigs

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Post by uwebb429on Oct 03, 2024 2:38am

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Post# 36251093

Back to Three Rigs

Surge has a rig in each of their core areas. One near Lampman, SK and one near Hope Valley, AB.

Savanna Drilling Rig 414 started near Fabyan, AB on October 1st. This new location is a 40 km drive SW of Hope Valley.

This chart from January compares the well Surge drilled near Lampman, SK to all other wells in Saskatchewan. IP30 production was well ahead of Surge's peers.

https://i.imgur.com/v1KQ356.png

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